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Calculate the property tax revenue as a percentage of the total revenue in the governmental funds. What is the largest and second largest revenue sources
Calculate the property tax revenue as a percentage of the total revenue in the governmental funds. What is the largest and second largest revenue sources for the city's general fund?
Governmental activities. Program revenue associated with Governmental Activities totaled $118.3 million, or 42% of program expenditures. Expenditures not covered by program revenues must be funded from non-program sources like general tax revenues. In the chart below, the program revenue and expense bars llustrate the gap between program revenues and expenditures by major activity. Public safety programs rely heavily on taxes to support operations. General government programs provide benefit to both business-type and governmental activities and receive some funding through internal indirect cost allocations to supplement program revenue and general tax revenue. FY 2011-12 PROGRAM REVENUES AND EXPENDITURES GOVERNMENTAL ACTIVITIES $160 ST4.2 $140 $120 OProgram Revenues Expenses $100 $80 01.9$ $18.0$41.5 $21. $60 $40 4.6 $20 $6.8 $6. $20.8 $0 $0,0 $20.5 general govt public safety public works library parks & recreation interest & fiscal charges The pie chart below illustrates the distribution of total revenues of $278.7 million among its various sources. The largest revenue sources for governmental activities are charges for services of $43.3 million or 16% and capital grants/contributions of $54.5 million or 17% of total revenues. Property tax and sales & use tax are also significant revenue sources for the City's governmental activities, amounting to 12% and 15%, respectively. The remaining 40% of revenue for governmental activities comes from special taxes, franchise fee revenue, operating grants and other intergovernmental revenues
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